INVH vs IRT Stock Comparison

Invitation Homes and Independence Realty Trust Prices as of Oct 28, 2026 Peers: Industry group
INVH Invitation Homes Inc.
$26.76 +0.8% 1M -5.1% 1Y
Market cap
$15.71B
P/E
23.1x
Revenue (TTM)
$2.90B
Div. yield
–
Residential REITs Real Estate
8 wins

Head to Head

8 decided of 12

Invitation Homes leads on 8 of the 12 questions below (Invitation Homes 8). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionINVHIRTLeader
Larger companyMarket capitalisation $15.71B $3.45B INVH
Cheaper on earningsLower P/E, profitable companies only 23.1x 79.3x INVH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.9x 103.3x INVH
Faster revenue growthRevenue growth, trailing twelve months +7.2% +3.5% INVH
More profitableNet margin, trailing twelve months — 6.5% –
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.05% –
Better 1-year returnPrice return, last 12 months -5.1% -8.4% INVH
Better 5-year returnAnnualised price return, 5 years -8.3%/yr -9.4%/yr INVH
Less volatileAnnualised volatility, 1 year 21.4% 21.9% INVH
Higher overall scoreMean of the five percentile scores vs peers 64/100 52/100 INVH

Percentile Scorecard

INVHIRT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisINVHIRT
Valuation 56 #65 of 145 49 #74 of 145
Growth 71 #42 of 142 55 #64 of 142
Profitability 85 #21 of 135 52 #66 of 135
Financial Health – 74 #36 of 136
Shareholder Returns 45 #73 of 131 29 #93 of 131
Overall 64 52
  • INVH ranked among 149 companies in Property REITs
  • IRT ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodINVHIRTSPY
1 month +0.8%-1.6% +0.9%
3 months -11.2%-14.4% +5.9%
6 months -4.7%-11.2% +8.5%
Year to date -3.7%-17.3% +13.3%
1 year -5.1%-8.4% +12.4%
3 years -7.1%+18.5% +88.1%
3 years, per year -2.4%+5.8% +23.5%
5 years -35.1%-38.8% +68.2%
5 years, per year -8.3%-9.4% +11.0%
10 years —+72.3% +263.4%
10 years, per year —+5.6% +13.8%

Risk

MeasureINVHIRTSPY
Volatility, 1Y 21.4%21.9% 12.7%
Downside volatility, 1Y 21.2%23.7% 12.7%
Beta vs S&P 500, 1Y 0.070.16 1.00
Return / volatility, 1Y -0.24-0.38 0.98
Max drawdown, 5Y -46.2%-57.1% -25.4%
From 52-week high -12.5%-18.6% -0.9%
52-week high $30.59$17.77 $779.14
52-week low $24.39$14.46 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleINVHIRT
P/E now vs peer median 23.3xmedian 25.8x 78.3xmedian 25.8x
P/S now vs peer median 5.5xmedian 4.0x 5.1xmedian 4.0x
EV/EBITDA now vs peer median —median 14.2x —median 14.2x
P/FCF now vs peer median 30.0xmedian 23.0x -933.4xmedian 23.0x
P/B now vs peer median 1.8xmedian 1.3x 1.0xmedian 1.3x
PEG now vs peer median 1.80median 1.91 -4.99median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsINVHIRT
Revenue $2.90B $666.83M
Net income – $44.30M
Free cash flow – -$3.65M
EPS (diluted) $1.15 $0.18
Cash & equivalents $78.93M $46.70M
Total debt – $2.44B
Shares (diluted) 592.50M 236.04M
Enterprise value $15.71B $3.26B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricINVHIRT
P/E 23.3x 78.3x
P/FCF 30.0x -933.4x
P/Operating cash flow – 12.4x
P/S 5.5x 5.1x
P/B 1.8x 1.0x
P/Tangible book 1.8x 1.0x
EV/EBITDA – –
EV/EBIT – –
EV/Revenue 5.5x 8.7x
EV/FCF – -1,590x
EV/Operating cash flow – 21.1x
PEG (3Y EPS CAGR) 1.80 -4.99

Growth

14 metrics
MetricINVHIRT
Revenue growth (1Y) 7.2% 3.5%
Revenue CAGR (3Y) 6.7% 0.9%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – –
Operating income CAGR (3Y) – –
Net income growth (1Y) – 57.0%
Net income CAGR (3Y) – -14.6%
EPS growth (1Y) 20.3% 55.3%
EPS CAGR (3Y) 12.9% -15.7%
Operating cash flow growth (1Y) – 0.2%
Operating cash flow CAGR (3Y) – 1.3%
Free cash flow growth (1Y) – 98.0%
Free cash flow CAGR (3Y) – 71.2%

Profitability

14 metrics
MetricINVHIRT
Gross margin – –
EBITDA margin – –
Operating margin – –
Pretax margin – –
Net margin – 6.5%
FCF margin – -0.5%
Operating cash flow margin – 41.4%
Return on equity 7.6% 1.3%
Return on assets 3.7% 0.7%
Return on invested capital – –
Return on capital employed – –
Asset turnover 0.2x 0.1x
Cash conversion (OCF / net income) – 6.2x
Stock comp / revenue – 1.2%

Financial Health

11 metrics
MetricINVHIRT
Debt / assets – 40.1%
Debt / equity – 0.7x
Net debt / EBITDA – –
Debt / FCF – -669.1x
Liabilities / assets 52.2% 42.8%
Equity / assets 47.8% 57.2%
Interest coverage – –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricINVHIRT
Dividend yield 4.5% 4.8%
Net buyback yield – -2.4%
Shareholder yield 4.5% 2.4%
Payout ratio (earnings) – 363.2%
Payout ratio (FCF) – -4,405%
Dividend growth (1Y) – 10.2%
Dividend CAGR (3Y) – 8.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusINVHIRT
Forward P/E 27.9xFY2026 103.3xFY2026
EPS, next fiscal year $0.96FY2026 $0.14FY2026
EPS growth, next FY 0.0%FY2026 -41.7%FY2026
EPS growth, the year after -20.8% +50.0%
Revenue, next fiscal year $3.11BFY2026 $637.39MFY2026
Revenue growth, next FY +13.7%FY2026 -2.9%FY2026
Revenue growth, the year after -4.5% +20.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersINVHIRT
Held by institutions 100.0% 98.8%
Institutions holding 622 395
Change in shares held, QoQ +9.1% +2.0%
Institutions buying 338 189
Institutions selling 215 140
Buyers to sellers 1.57 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

INVHIRT
INVH 1.00 0.62
IRT 0.62 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, INVH and IRT?

Invitation Homes (INVH) is the largest by market capitalisation: Invitation Homes (INVH) $15.71B, Independence Realty Trust (IRT) $3.45B.

Which stock is cheaper, INVH and IRT?

Invitation Homes (INVH) trades on the lowest price-to-earnings ratio (Invitation Homes (INVH) 23.1x, Independence Realty Trust (IRT) 79.3x). On next year's consensus earnings, Invitation Homes (INVH) is cheapest (Invitation Homes (INVH) 27.9x, Independence Realty Trust (IRT) 103.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Invitation Homes (INVH) grew revenue fastest over the trailing twelve months: Invitation Homes (INVH) +7.2%, Independence Realty Trust (IRT) +3.5%.

Which stock has performed better?

Over the past year Invitation Homes (INVH) returned the most: Invitation Homes (INVH) -5.1%, Independence Realty Trust (IRT) -8.4%. Over five years, Invitation Homes (INVH) compounded fastest (Invitation Homes (INVH) -8.3%/yr, Independence Realty Trust (IRT) -9.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Invitation Homes (INVH) 0.00%, Independence Realty Trust (IRT) 0.05%. Invitation Homes (INVH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Invitation Homes (INVH) has been the steadiest (Invitation Homes (INVH) 21.4%, Independence Realty Trust (IRT) 21.9%). Volatility measures how widely the price swings, not the risk of the business.

Do INVH and IRT move together?

Their daily returns over the past year have a correlation of 0.62, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, INVH and IRT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Invitation Homes (INVH) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.